Want to learn how to make money in online marketing?
Your not alone, over 3,300 people/mo. seek this knowledge and today I’ll show you how to get started building your own online marketing business.
First things first, if you want to know how to make money in online marketing, you need to know that it’s going to take some time.
It takes TIME to Start an Online Marketing Business – Just like any other business – It takes time to grow.
How much time?
Well, it depends on what you are going to market and the competition of whatever product you want to market, but you should give yourself at least 3 – 6 months to learn the skills necessary to be an online marketer.
Next, you need to understand the two different styles of online marketing, and they are…
1.) Affiliate Marketing
2.) Network Marketing
Before I go any further, you need to know that this article is not going to be about Network Marketing.
For those of you who don’t know the difference between Network Marketing and Affiliate Marketing, let’s break it down.
Start Your Own Online Marketing Business Today
What is Online Marketing – A Confusing Term
The term online marketing is synonymous with internet marketing. And internet marketing is a combination of many marketing strategies, i.e. ..
Affiliate Marketing
Network Marketing
Email Marketing
Social Network Marketing
etc.
But the main two strategies of marketing that encapsulate all other forms of marketing are Network Marketing and Affiliate Marketing.
If you’re looking for Network Marketing advise or information, you’ve come to the wrong place.I’m not a big fan of network marketing for a couple of good reasons.
Network Marketing is your MLM’s (multilevel marketing) and your Pyramid Schemes. Both of these styles of marketing are considered, by most people in the world, scams or over-hyped money making systems.
Forget Network Marketing – Stick to Affiliate Marketing
And both (MLM’s and Pyramid Systems) usually equate to not making much money at all.
Did you know that the average MLM participant makes less than $500 dollars/year.
Only the top sales people in MLM’s or Pyramid schemes make all the money while the majority (99%) of the people lose money or break even.
And for that reason, plus the fact that I personally don’t believe in Network Marketing Systems, we won’t be discussing Network Marketing here in this article.
So what is online marketing? Think of online marketing in the terms of affiliate marketing.
What is Affiliate Marketing?
Affiliate marketing is one of the best ways for normal people like you and me to get into online marketing.
There’s not a lot of start up costs or overhead expenses, and with a solid education, a little hard work, and some time, you can come up with a nice profitable online business.
One of the most under-appreciated facts about affiliate marketing is that most anyone can do it, it’s an even playing field for everyone – so to speak.
In other words, if your willing to learn new things and you can put in the time and work, you can make yourself a profitable online business without a lot of money.
This can’t be said of most businesses where it usually takes a good deal of capital to buy products, advertise, rent office space, etc.
Plus you don’t need to have any special sales skills to be an affiliate marketer.
There are a couple of different strategies within affiliate marketing, but first let’s review what is affiliate marketing.
Affiliate marketing is when you create a website and affiliate your site with a particular product/s. This could be brand name products, educational services, or digital products.
Then once someone comes to your site, clicks on the affiliate link or banner and goes on to buy this affiliate product, you as the website owner make a commission off the transaction.
Affiliate marketing can also be where you create a digital product (such as an educational course) or a physical product and then sell that product through affiliate marketers.
You are either the affiliate marketer or the affiliate product creator.
So what type of affiliate marketing is right for you?
Producing Affiliate Marketing Products Vs. Selling Affiliate Products
1.) Producing Your Own Affiliate Products
If you have an idea for an educational course or a product that is beneficial to someone, then producing that product and selling it through affiliate networks would be the path for you.
The cons for this style of online marketing is that you will have a good deal of start up costs and potential overhead costs if you are marketing a physical product.
If you are making a digital product, the overhead cost can be cut down, but you still would have a good amount of expenses in your..
Education
Video Production
Outsourcing of Technical Aspects (graphics, infomercials, copyright, etc)
Paid Traffic
If this is what you are looking to do, you can start the educational process with one of the largest affiliate network’s that has a good training program called ClickBank University.
2.) Selling Affiliate Marketing Products
If you don’t want to create your own product and just want to sell other peoples stuff, then traditional affiliate marketing is by far the better way to go about it.
A diagram to help you understand the components of Internet Marketing
You can create a website, get a solid education in affiliate marketing, and begin earning income off of selling other companies brand name products.
The initial start up costs include..
Buying a domain name, which costs about $15/year
Website hosting, costs around $5/mo
Affiliate marketing course, less than $50/mo.
If this is more your style, then I highly recommend the training program of the Wealthy Affiliate University.
They offer great support, stop by step training, and 1,000’s of hours of content to help your build your online business. Plus they provide free website hosting, so you can cut that expense out.
You can read all about Wealthy Affiliate right here to see all that they provide internet entrepreneurs looking to get started in online marketing.
How To Make Money In Online Marketing?
The first aspect to deal with is to know your niche. What’s a niche you may be asking yourself.
A niche can be a passion, a special skill, a talent, or even a hobby. The key is to not pick too large (or too competitive) of a niche and to pick a niche where you can help people.
If you can help people with your niche, then you can make money in online marketing. The key is that you have a service or special knowledge that people are looking for.
For example, you’re reading this post because you want to know how to make money in online marketing. This is a field I’ve been studying for quite some time now and I know the in’s and out’s of how to make money in online/internet marketing.
I know what programs are scams and what are true educational programs to guide you through the process. I also know how to apply marketing principles to online businesses to make them successful. So this is part of my niche.
The second step is to find the right educational program that will teach you in depth knowledge on how to..
Put up an affiliate marketing website (really an authoritative niche website)
Write quality content that gets ranked in search engines like Google (this is Free traffic we’re talking about here)
Monetize your website with Affiliate Marketing Programs
You want to use a proven method on how to put up an online marketing website/niche website from professionals who have been doing this for years.
I see a lot of beginner bloggers and online entrepreneurs who think they can do this on their own.
They end up wasting 1,000’s of hours writing content that never gets ranked and usually end up having unprofessional looking websites that are slow and unresponsive.
Get A Proper Education in Online Marketing Today
The last piece of advise that I’d like to give you is to realize that just like any other professional career, it takes time. Don’t go into online marketing thinking that you’ll start banging out the big checks right away.
Everyone, and I mean everyone, wants to work online and start making big money right away.
That’s how most online scams prey on inexperienced online entrepreneurs.
And it just doesn’t work like that. How many of you out there went to college or to a technical school?
Did you go into the educational program thinking you were going to make money right away? Probably not.
Most people who go into a college or trade schools don’t expect to make money while they are in school, and this isn’t all that different.
It’s somewhat different because you can start making money within the first couple of months from affiliate commissions, but if you realize that it will take time before your online marketing business is making full time income, you’ll have a lot less stress and anxiety with this type of business.
If you have any questions on how to make money in online marketing, don’t hesitate to ask, I’m more than happy to answer questions and help out.
Thanks for reading this post and if you know anyone who might benefit from this post, please socially share this article using the social share buttons below.
Cheers,
Todd
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